A theory of fiscal policy response to an epidemic
Sign Up to like & getrecommendations! Published in 2022 at "Health Economics"
DOI: 10.1002/hec.4564
Abstract: Abstract Governments worldwide have issued massive amounts of debt to inject fiscal stimulus during the COVID‐19 pandemic. This paper analyzes fiscal responses to an epidemic, in which interactions at work increase the risk of disease… read more here.
Keywords: fiscal policy; response epidemic; policy response; policy ... See more keywords
Revisiting the Fiscal Policy–Income Inequality Nexus in Sub‐Saharan Africa: Does Institutional Quality Matter?
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DOI: 10.1002/mde.4517
Abstract: The growing imperative to attain equitable income distribution has compelled international organizations and the academic community to make a collaborative commitment towards alleviating the escalating income inequality experienced worldwide. While there has been a notable… read more here.
Keywords: institutional quality; fiscal policy; income; income inequality ... See more keywords
Sustainable Development Pathways: How Fiscal Policy, Green Innovation, and Environmental Governance Shape Ecological Footprints in G‐20 Economies?
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DOI: 10.1002/sd.70310
Abstract: Sustainable development requires addressing the ecological impacts of economic growth and resource dependence. The ecological footprint (EF) is a key indicator of sustainability, yet its relationship with fiscal policy, natural resource rents, innovation, and governance… read more here.
Keywords: fiscal policy; governance; innovation; sustainable development ... See more keywords
What is the right balance between US monetary and fiscal policy? Explorations using simulated wavelet-based optimal tracking control
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DOI: 10.1007/s00181-017-1326-2
Abstract: This paper uses wavelet-based optimal control to simulate fiscal and monetary strategies under different levels of policy restrictions. The model applies the maximal overlap discrete wavelet transform to US quarterly GDP data and then uses… read more here.
Keywords: wavelet based; fiscal policy; policy; based optimal ... See more keywords
The Supply of Safe Assets and Fiscal Policy
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DOI: 10.1007/s10272-018-0728-5
Abstract: Beyond fleeting references, there is surprisingly little analysis about the interrelationship between fiscal policy and safe assets. This study analyses this interrelationship and argues that, at a certain point, more public debt will not “buy”… read more here.
Keywords: safe assets; fiscal policy; supply safe; assets fiscal ... See more keywords
The nexus of sectoral-based CO2 emissions and fiscal policy instruments in the light of Belt and Road Initiative
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DOI: 10.1007/s11356-021-13040-3
Abstract: Climate change due to global warming is becoming a major global issue over the past few decades. The emission of carbon dioxide (CO2) and other greenhouse gasses cause global warming. Most carbon emissions come from… read more here.
Keywords: fiscal policy; policy; belt road; policy instruments ... See more keywords
Fiscal policy effectiveness and the golden rule of public finance
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DOI: 10.1016/j.cbrev.2018.08.001
Abstract: Abstract The present paper uses a dynamic stochastic general equilibrium (DSGE) framework with imperfect competition and nominal rigidities in order to analyze the impact of two different fiscal rules on the effectiveness of fiscal policy.… read more here.
Keywords: fiscal policy; rule public; finance; golden rule ... See more keywords
Fiscal Policy and Liquidity Traps with Heterogeneous Agents
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DOI: 10.1016/j.econlet.2017.05.025
Abstract: This paper explores global dynamics in a monetary model with limited asset market participation and the zero lower bound on nominal interest rates. It is shown that a rise in government transfers to ‘non-Ricardian’ consumers… read more here.
Keywords: liquidity; fiscal policy; liquidity traps; traps heterogeneous ... See more keywords
Fiscal financing and the efficacy of fiscal policy in Korea: An empirical assessment with comparison to the U.S. evidence
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DOI: 10.1016/j.econmod.2017.03.001
Abstract: This paper aims to assess the empirical implications of fiscal financing in Korea and study how they differ from those of the U.S. We estimate two versions of the dynamic stochastic general equilibrium (DSGE) model—a… read more here.
Keywords: financing efficacy; fiscal policy; government; fiscal financing ... See more keywords
Discretionary fiscal policy and disagreement in expectations about fiscal variables empirical evidence from Brazil
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DOI: 10.1016/j.econmod.2018.03.007
Abstract: The present paper provides evidence in support of the hypothesis that the use of discretionary fiscal policy creates disagreements in expectations about both public debt and budget balance. The analysis considers the Brazilian case. Brazil… read more here.
Keywords: fiscal policy; discretionary fiscal; expectations fiscal; disagreement expectations ... See more keywords
Determinants of discretionary fiscal policy in Central and Eastern Europe
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DOI: 10.1016/j.ecosys.2016.10.003
Abstract: This paper explores economic, political and institutional determinants of discretionary fiscal policy in 11 Central and Eastern European (CEE) countries from 2000 to 2013 and compares discretionary fiscal reactions before and during the global economic… read more here.
Keywords: determinants discretionary; fiscal policy; policy; period ... See more keywords